article thumbnail

Founders. Run. Amok. It Starts With a Term Sheet.

This is going to be BIG.

It was a company whose product I believed in and whose founder I liked, but a firm lobbed in a term sheet at a price 33% higher than what I had offered using a very light agreement meant for a much earlier stage company. They even tried to change their Terms of Service in the middle of the alleged scam. The Term Sheet.

article thumbnail

Twitter Link Roundup #182 – Small Business, Startups, Innovation, Social Media, Design, Marketing and More

crowdSPRING Blog

These posts and videos are about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, and more! Empower Your Small Business: how not to fail at social media, branding, social marketing audit – [link]. A founder-friendly term sheet – [link].

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Startup Funding – A Comprehensive Guide for Entrepreneurs

ReadWriteStart

Funding is not an indicator of success, irrespective of the impression that you might get from the news and media. It is essential to understand the funding structure stated in your term sheet and the advantages and disadvantages it may have for your business. Bootstrapping. Funding is just a stepping stone. Seed stage.

Startup 150
article thumbnail

Women 2.0 Pitch Night…batter swing!

Sophia Perl of Wisdom

Use the 10-5-3-1 formula for raising money: Have 10 great meetings with investors, 5 of those do detailed due diligience on your company, get 3 term sheets, and 1 transfer into your bank account! Kenya is the most advanced for mobile payment. Find people to help you through the raising money process.

article thumbnail

7 Strategies To Reduce The Cost Of Finding Investors

Startup Professionals Musings

Through peers, social media or connections, make every effort to meet one or more of the investors before the actual pitch. I would recommend a budget of at least $10,000 to prepare documents for pitching, legal fees for term sheets and contracts, travel expenses and assistance fees.

Cost 120
article thumbnail

Women 2.0 Pitch Night…batter swing!

Sophia Perl of Wisdom

Use the 10-5-3-1 formula for raising money: Have 10 great meetings with investors, 5 of those do detailed due diligience on your company, get 3 term sheets, and 1 transfer into your bank account! Kenya is the most advanced for mobile payment. Find people to help you through the raising money process.

article thumbnail

AngelList Launches Docs To Help Startups Sign And Close Seed Rounds Online With Low Legal Fees

techcrunch.com

It consists of a standard term sheet, automatically generated closing documents, and tools to manage the process including electronic signatures, managing wire information, generating PDFs, and more. For a seed stage round, legal fees can be upwards of tens of thousands of dollars, which is costly for a bootstrapped startups.